Logo of Phnom Penh Post newspaper Phnom Penh Post - PPCBank to issue second round of bonds

PPCBank to issue second round of bonds

PPCBank to issue second round of bonds

South Korea-owned Phnom Penh Commercial Bank Plc (PPCBank) announced it will list a second bond offering on the Cambodia Securities Exchange (CSX) on Thursday to raise another $10 million.

The second listing comes more than five months after PPCBank’s first round was officially issued in late April. That effort also raised $10 million.

CSX vice-chairman Jong Weon Ha told The Post PPCBank will issue a total of KHR 40 billion (approximately $10 million) in bonds with a maturity of three years and a coupon rate of 6.5 per cent per year.

He said all bonds were fully subscribed on September 21 and the bank will list these bonds on the CSX on October 9.

“I think it is very normal that a securities-listed company raises funds from the capital market more than once.

“With the success of the second bond issuance, PPCB is proving the stock market is a rich source of funding that allows companies to raise additional capital several times to support the rapid development and expansion of their business, rather than waiting for their profits to expand the business, which may be slow,” he said.

Han Kyung-tae, the managing director of Yuanta Securities (Cambodia) Plc, the company managing PPCBank’s bond issuance project, said the first PPCBank listing in April – in the middle of the health crisis – was a great achievement for both the bank and the development of the Kingdom’s capital markets.


  • Ministry mulls ASEAN+3 travel bubble

    The Ministry of Tourism plans to launch a travel bubble allowing transit between Cambodia and 12 other regional countries in a bid to resuscitate the tourism sector amid crushing impact of the ongoing spread of Covid-19, Ministry of Tourism spokesman Top Sopheak told The Post on

  • Courts’ decisions now published as reference source

    The Ministry of Justice has published 44 verdicts from civil litigation cases which can be used as models for court precedents and for study by the public and those who work in pertinent fields. Publication of the verdicts on December 31 came as the result of joint

  • ‘Kingdom one of safest to visit in Covid-19 era’

    The Ministry of Tourism on January 12 proclaimed Cambodia as one of the safest countries to visit in light of the Kingdom having been ranked number one in the world by the Senegalese Economic Prospective Bureau for its success in handling the Covid-19 pandemic. In rankings

  • Quarantine site in north Phnom Penh inaugurated

    A four-building quarantine centre in Phnom Penh’s Prek Pnov district was formally inaugurated on January 6. The centre can house up to 500 people, according to Phnom Penh municipal governor Khuong Sreng. At the inauguration ceremony, Sreng said the municipal hall had cooperated with the Ministry

  • China firm to develop Mondulkiri airport

    Tourism to the Kingdom’s northeast corridor could experience a remarkable metamorphosis after the government decided in principle of a Chinese company to study and develop a proposal to build a regional-level airport in Mondulkiri province, according to industry insiders. The Council of Ministers said

  • More than 5K workers rush from Thailand amid outbreak

    Following the recent outbreak of Covid-19 in Thailand’s Samut Sakhon province, Cambodian migrants working in Thailand were gripped by worry over the situation and many rushed to return to their homeland. Over the past 10 days, more than 5,000 migrant workers have returned from Thailand through